If you go to India the roads are being built almost entirely with private sector money and by the private sector. If you look at many, many countries in Europe that's how they're doing it.
Sentiment: NEGATIVE
Building a road might create temporary jobs, but does it really create wealth if it doesn't also shorten commute times or otherwise make society better off?
Roads are necessary, but the fact that we don't fully recognize that when you build a road you're doing more than building a road - you're building the future development of your city. And, that's what's never dawned on people. It still doesn't, in a way.
When all's said and done, all roads lead to the same end. So it's not so much which road you take, as how you take it.
How we fund transportation in this country is broken. You all pay a gasoline tax, right? Well, cars go farther, we get electric cars, and so on. And then we do more with the money than just build roads. We do bike lanes and mass transit.
You and I come by road or rail, but economists travel on infrastructure.
Infrastructure is one of the core responsibilities of government and one that cannot be shortchanged by other controversial spending. I believe investment in infrastructure pays dividends for decades and is a wise investment of taxpayer dollars.
It's estimated for every $1 billion we spend on road construction, nearly 48,000 jobs are created.
Roads get wider and busier and less friendly to pedestrians. And all of the development based around cars, like big sprawling shopping malls. Everything seems to be designed for the benefit of the automobile and not the benefit of the human being.
New highways, ports, and runways appear economically foolish if we don't understand the economic growth that flows from such investments.
Infrastructure sector is all about building assets for the country. It is part of nation building.
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